Cyprus to get loan of €65.5 million from CEB, Cabinet decides

The Cabinet decided on a loan agreement of €65.5 million between the Council of Europe`s Development Bank (CEB) and the Republic of Cyprus, Deputy Government Spokesperson Niovi Parisinou has said.

In a written statement, Parisinou said that the loan will be used to support the strategic goals in education as they are set out in the Education, Culture, Sports and Youth Ministry`s Strategic Plan 2020, guaranteeing the continuation of investment projects aiming for the development and upgrading of schools` infrastructure at pre-university level.

Source: Cyprus News Agency